Refrig-It Warehouse has signed a 140,000 sq ft lease at the Portside Distribution Center in Newark, New Jersey. The company is the first major tenant to sign at the newly constructed 290,000 sq ft facility. The property was developed by Penwood Real Estate Investment Management and Penford Group. Situated on 14.85 acres, the facility is just 1.8 miles from the Port of Newark-Elizabeth and 4.1 miles from Newark Liberty International Airport. The facility features cooler and freezer storage, 40-foot clear heights, cross dock configuration, 22 loading docks, 38 trailer stalls and a backup generator. CBRE brokered the deal.

“Given the trend of increased demand for cold storage and food-grade spaces in the market, finding a strategically located building was a necessity. Working together with our brokerage team, we were able to pair Refrig-It with a newly developed property located in Port Newark’s epicenter with easy access to New York City,” said David Gheriani of CBRE.